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Edleman expects "a weaker Christmas than we've seen in a number of years" due to continued economic stagnation, heavy promotional activity by retailers and more value focus on the part of shoppers. Lapidus points out that the expected slow holiday season will impact both retailers and the companies that supply them, saying "there's going to be lots of extra inventory at the end this holiday season," which could result in charge-backs and inventory returns, and which will affect the retail industry well into 2014.